Nadita: Walking Stick, Thank you so much for the news today. You are rockin' n rollin'.
Abadi in fallujah n flag is planted are telling me it's fine n give me Mosul as Frank says many times. Hopefully Mosul before Ramadan n we are home sweet home

Frank26: They are giving You what I asked for because IMO ................ We knew it was coming as we kept silent.

ReddStarr: Boom....the launch of the economic/private/financial sectors....also talking about the launch of the new IDMS system....that I posted about on the previous thread....IMO.....of course....

Stevep99: Man oh man...can the news get any better than today?! Heck about the only thing they aint told is Mosul is done! Somebody needs to stand by the fireworks launch button! Can almost smell the gun powder!!

Counting the Information Office of the Prime Minister, Haider al-Abadi, said on Wednesday
that the launch of residential, industrial and agricultural loans, amounting to 6 trillion and
500 billion dinars, constitutes a "quantum leap" for the restructuring of the Iraqi economy
and address the "imbalance", which is currently suffering from it, indicating that it aims to
enable the sector take your role for the advancement of economic reality and overcome the
difficulties they are facing, and to provide cash needed for the rehabilitation or the establishmentof new factories and plants, and reduce the recession-induced decline in oil prices.

A spokesman for al-Abadi, Saad al-Hadithi Office said in a press statement received by
"Tomorrow's Press," that "the Council of Ministers approved in its meeting yesterday to launch a Government loan to the sectors of housing, industry and agriculture form the amount of $[6.5 trillion dinars] as part of the focus of economic reform, which seeks through government to restructure the Iraqi economy and guidance that will ensure his stay on the basis of sound and diversify its economy, and transportation of a yield to the productive economy and the transformation of the economic system of the State of the consumer system to multi-resource production system. "

He added that "to approve the immediate release of loans come to constitute a quantum leap in the process of restructuring of the system of the Iraqi economy and the stage milestone in the path of the development of a new vision to address the situation of imbalance that currently afflicting that have emerged in traveled far the collapse in oil prices in world markets, which makes it imperative for the government to begin processors radical and decisive as part payment towards the recovery of the economic situation of the country.

"According to Sabri said "the government's vision on this matter comes to the quest to enable the private sector to take its role in the advancement of the economic reality of the country by overcoming the difficulties it faces, and to provide cash needed through soft loans and benefits suitable for rehabilitation and the establishment of factories and modern laboratories, and helping to move the market economy and reduce the recession, which happened due to lower oil prices. "

He pointed out that "the objectives are to provide new business opportunities for the private
sector is estimated at 250 thousand jobs include [the youth category, class graduates, women breadwinners, people with special needs, the rural population in the housing sectors, and construction, industry, agriculture, and assistance in dealing with the crisis housing, establish or purchase of more than 36,000 housing units, and to encourage the private sector to rehabilitate and operate laboratories productivity stalled, and the introduction of modern technologies, including more than 330 plants and factories. "

He said he was "within the goals are also manufacturing raw materials and supplies industry, agro-industrial and manufacturing, and to encourage projects that take place within the industrial cities, and reduce the import of goods and products through alternatives of goods national industry Iraqi agricultural products production, including more than 50 product or an Iraqi product."

And the newborn "The project also aims to promote national exports competitive products and goods of other countries, producing ten of goods for export and rationing of foreign currency supply and reduce the demand by 10%."

He pointed out that "lending mechanisms, represented to split the proportion of lending to different sectors as housing sectors through the Housing Fund and the bank's real estate 1700 billion dinars amounts, the industrial sector through the Industrial Bank 1650 billion dinars, and the agricultural sector through the Agricultural Bank in 1650 billion dinars, and micro-enterprises through private banks in 1500 billion dinars. "

A newborn that "these loans are distributed to the provinces according to the credit of a plan
submitted by the concerned bank and 80% as a standard population ratios and 20% as the
standard for the degree of poverty in the province, such that the student loan Iraqi company,
association, or individual Iraqis aged 22 and above and a full-fledged, and be of interest on
loans 2% loan for the housing sector and 4% for the rest of the loans. "

He explained that "the amounts allocated for each loan to be on the housing loan of KD 50 million, and loans for industrial and agricultural sectors to small businesses loans a maximum of 500 million dinars, loans and medium enterprises a maximum of three billion dinars, loans of major projects in excess of three billion dinars provided it does not exceed the upper limit of its 20 billion dinars, loans strategic projects that more than 20 billion dinars. "

And on the duration of repayment of the loan he stressed that it "will be ten years for the housing loan and five years for other loans except for a period of grace for a period of one year from the date of the first batch of student loan disbursement."

He went on saying that "the competent bank firing Website hotline phone service for the purpose of monitoring the borrower stages of completing his treatment, and adoption of on-site detection of the project to be financed and the guarantee of real estate [if any] and Electronic systems and possible in order to control projects and follow-up of good implementation, and link these systems the General administration of the bank, and provide monthly reports of the Supreme Committee supervising the lending programs and posted on the bank's site and the High Commission. "

He said that "the General Administration of the Bank constitute a follow-up committees to verify the proper implementation of the project and the continuation of his work and scrutiny grants the Bhavroa bank or offices and the Bank shall on updated information on the borrower on a regular basis, and the adoption of granting certificate of quality projects borrowed measures within this program measure